The Oil & Gas Development Company Limited (OGDCL) has discovered gas and condensate at Wali 01 Well in FR Lakki, Khyber Pakhtunkhwa.
According to a notification submitted to the Pakistan Stock Exchange (PSX), the said discovery is unique as it is the first of its kind made in the Kawagarh Formation in Pakistan. It will open new avenues for exploration and will boost exploration activities in the country.
The Wali well was drilled and tested using the OGDCL’s in-house expertise to a depth of 4,727 m in the Kawagarh Formation.
Based on the good oil/gas shows during drilling, interpretation of open-hole logs data i.e., presence of fractures in limestone-based on image logs data, Drill Stem Test (DST) was conducted in the Kawagarh Formation of Late Cretaceous age.
The well has been tested for 11.8 MMSCFD of gas and 945 VPD of condensate with a wellhead flowing pressure of 3,000 Psi at 32/64” choke size.
This discovery is a result of the aggressive exploration strategy adopted by the company. The OGDCL had previously made a landmark discovery of Chanda, and has now discovered oil and gas at the Kawagarh Formation (Kohat Basin).
The discovery will add to the OGDCL’s hydrocarbon reserves and will increase the hydrocarbon supply and reduce Pakistan’s energy crisis.